It often happens that people use the same buying broker and selling broker, and vice versa. The real estate agent who helps you purchase your dream house can then also sell your current house.
This does not always have to be the case. Your buying agent does not have to work at the same company as the selling agent. Below we will discuss the most common questions regarding the use of a sales broker and purchase broker at the same time.
Can a buying broker also be the selling broker?
There are several situations in which a real estate agent can assist both the purchase and the sale. The situations are: 2 houses and one family or one house and 2 families.
In the first situation, the broker does get to take on the role of buying and selling broker. First, the real estate agent helps the family buy a new house.
Then he tries to sell the old house. In this situation, there is always negotiation with outside parties. This allows you to assume that everything will be fair.
In the second situation, the broker may not assume the role of buying broker and selling broker. The real estate agent is not allowed to sell a house that he is selling to a family for whom he works as a purchase broker.
In this situation, the broker may be profiting from both parties causing a conflict of interest. If the broker does this nevertheless, there are consequences from the sector associations NVM or VBO.
Can I buy a house sold by my buying agent?
Yes you can, in fact there are two ways to address this. The first option is to try to buy the house offered by your buying agent without the help of a real estate agent. However, this is not recommended.
Since you as a buyer probably have little experience with the house buying process there is the chance you will make mistakes. This is due to the lack of experience that brokers do have. The mistakes you can then make are expensive.
Another option is that you ask another brokerage firm for a targeted purchase guidance. In this case, you are hiring another real estate agent only for his advice and/or any attempt to buy this property for you.
Targeted purchase counseling is often less expensive than full purchase counseling. Here you will then receive specific guidance on the most difficult process of buying a house. Targeted buying guidance ensures that you are hedged against costly misses/mistakes.
I want to buy a house and sell my old house, can I do that with one broker?
Yes, your buying agent can also be your selling agent at the same time. In fact, in very many cases it is actually wise to do so. You can agree with the real estate agent that he or she will supervise both the purchase and sale for you.
The advantage of this is that the real estate agent can immediately put the old house on sale after a new one is purchased.
The buying agent can then also take into account what is needed for the new house. Also the sales agent is aware of what is needed for the old house. This allows the broker to ensure that everything fits together properly.
Isn’t it better to always get a local broker?
A local realtor is not necessarily better at selling a home than a realtor from outside the region.
However, a local broker may have more knowledge of the local market. Except that each brokerage firm has brokers who focus on different regions.
What DOES count when choosing a broker are:
- Commitment
- Method
- Professionalism
- Preparation
- Presentation
- The bidding strategy
- The time the sales agent offers your sales process
Do you want more information about choosing a real estate agent? Then also visit our page: Tips for selling your house in Haarlem and surroundings.
Do I get a discount if my buying agent is simultaneously my selling agent?
Yes usually you get a discount when your buying agent is your selling agent at the same time. This is so, because the broker does two jobs for you so is assured of more income. That’s why they still want to give discounts sometimes. It also saves the broker some extra administrative work, allowing the broker to work more efficiently.
Would you like to use a buying agent? If so, please contact us without obligation. Our experienced purchase brokers in Haarlem and surrounding areas can definitely help you!
If I buy a home sold by my real estate agent, do I have to pay a brokerage fee?
As already mentioned, the broker may only work for 1 party at a time. The broker either works for the seller or he works for the buyer.
Are you interested in a house being sold by your real estate agent? Then the broker is NOT working for you at that time. If you subsequently buy the house (without him), you do not owe the sales agent a commission.